Lufthansa achieves projected operating profit

Frankfurt - Lufthansa announced that it has achieved its operating-result objective for 2014.

The €954m operating profit reported for the year was a €255m or 37% improvement on the prior-year result. Following a revision of its original projections, owing to negative yield trends and the extraordinary impact of strike action, the company had projected an operating profit for the year of €1bn in June 2014, provided no additional costs were incurred through further industrial action.        

Total Lufthansa Group revenue for the year remained broadly unchanged at around €30bn, despite the substantial yield declines in the passenger transport segment. Results were boosted by a €364m decline in fuel costs (deriving largely from fuel price reductions) and a €351m benefit from the changes that were made to the Lufthansa Group’s aircraft and spare powerplant depreciation policy in 2014.